Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Choreo LLC

Choreo LLC cut its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,555 shares of the industrial products company’s stock after selling 1,250 shares during the period. Choreo LLC’s holdings in Silgan were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Silgan by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,517 shares of the industrial products company’s stock worth $290,000 after buying an additional 361 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Silgan by 5.5% during the third quarter. Verdence Capital Advisors LLC now owns 7,430 shares of the industrial products company’s stock worth $390,000 after buying an additional 388 shares during the period. Captrust Financial Advisors boosted its position in shares of Silgan by 5.7% during the third quarter. Captrust Financial Advisors now owns 8,405 shares of the industrial products company’s stock worth $441,000 after buying an additional 456 shares during the period. KBC Group NV boosted its position in shares of Silgan by 27.7% during the third quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock worth $120,000 after buying an additional 494 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Silgan by 51.8% during the third quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company’s stock worth $93,000 after buying an additional 606 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLGN has been the subject of several analyst reports. Royal Bank of Canada boosted their price objective on Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Robert W. Baird boosted their target price on Silgan from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Loop Capital boosted their target price on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Raymond James boosted their target price on Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Bank of America boosted their target price on Silgan from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.22.

Silgan Price Performance

Shares of NYSE:SLGN opened at $53.28 on Tuesday. Silgan Holdings Inc. has a one year low of $41.14 and a one year high of $58.14. The stock has a fifty day moving average of $53.28 and a 200-day moving average of $52.31. The company has a market capitalization of $5.69 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.